China Chengtong Development Group (00217.HK) -0.003 (-1.961%) announced that it has entered into a sale-and-leaseback agreement with an independent third party, Inner Mongolia Huadian Bayin Wind Power Co., Ltd., involving certain wind power generation equipment and related assets. The purchase price is RMB220 million, with a lease term of two years. The total lease payments are estimated at approximately RMB228 million, and the company expects to generate income of RMB7.61 million. (de/d)(HK stocks quote is delayed for at least 15 mins.)
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